Mariner LLC Cuts Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Mariner LLC lessened its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 65.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,800 shares of the investment management company’s stock after selling 31,417 shares during the period. Mariner LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in BlackRock Floating Rate Income Strategies Fund by 6.9% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock worth $201,000 after purchasing an additional 948 shares during the period. Whitener Capital Management Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.5% in the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock worth $415,000 after buying an additional 1,010 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 47.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after buying an additional 1,744 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $55,000. Finally, Commonwealth Equity Services LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 165,876 shares of the investment management company’s stock worth $2,281,000 after acquiring an additional 4,836 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA opened at $12.51 on Wednesday. The firm has a 50-day moving average of $12.51 and a two-hundred day moving average of $13.23. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $10.90 and a 1-year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.1238 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.49 annualized dividend and a yield of 11.88%.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.